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Letter portraitLegal landscapeQuarterYTD

Bay View Bank, National Association

San Mateo, CA · Cert 31698

FDIC

Q2 2003

$567.2MAssets
$259.6MLoans
$500KDeposits
$487.2MEquity
Deposit mix
100%Interest-bearing $500K0%Noninterest $0KQ2 2002Q2 2003

NIM

7.64%Q2 ’015.68%Q2 ’024.46%Q2 ’03+33%+6%

Non-interest income vs. expense

7.76%Q2 ’015.58%Q2 ’0217.92%Q2 ’03-54%+203%

Executive Summary

  • Earnings: ROA of -2.18%, down 281 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 51922.40% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

-2.18%-281 bps YoY

Net Interest Margin (YTD, annualized)

4.03%+24 bps YoY

Efficiency Ratio (YTD, annualized)

129.85%+4,689 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.63%5.24%6.00%-5.41%-2.18%-281 bps
Return on Equity5.26%40.98%39.37%-7.75%-2.93%-819 bps
Net Interest Margin3.79%3.22%4.22%3.07%4.03%+24 bps
Efficiency Ratio82.95%-94.26%-67.17%178.78%129.85%+4,689 bps
Non-Interest Burden2.69%-9.45%-10.74%12.15%8.15%+546 bps
Growth
Asset Growth (YoY)-13.50%-3.73%-78.56%-84.82%-84.50%-7,100 bps
Loan Growth (YoY)-10.74%-70.57%-87.47%-90.88%-88.86%-7,813 bps
Deposit Growth (YoY)-12.76%-10.73%-93.12%-100.00%-99.98%-8,722 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.62%5.64%10.34%0.00%0.00%-162 bps
Allowance / Loans1.63%0.00%0.00%0.00%0.00%-163 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital11.32%24.69%71.24%99.80%92.84%+8,152 bps
Equity / Assets12.44%15.31%59.30%85.51%85.90%+7,346 bps
Liquidity & Funding
Loans / Deposits76.76%24.10%133.54%n/a51922%+5,184,564 bps
Liquid Assets / Assets3.88%0.00%0.00%0.20%0.00%-388 bps
CRE / Total Capitaln/an/an/an/an/an/an/a